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Unread 5 Jun 2007, 13:17   #48
pablissimo
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Re: Who Wants to Be Second Best?

Quote:
Originally Posted by Tietäjä
Remember, next time you go grocery shopping, that the VAT you pay for your food is very regressive at large. (And in a VAT system in general, the store will push the taxes on you, making you pay double tax for the same "income" whereas you're basically paying large transaction costs for first exchanging your work to money and then exchanging your money to consumerables).
I was under the impression that most foodstuffs were VAT-exempt, at least in the UK.
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